BR MALLS Increases its Ownership Interest Shopping Piracicaba

RIO DE JANEIRO, Brazil, July 23 /PRNewswire-FirstCall/ -- BRMALLS
Participacoes S.A. (Bovespa: BRML3), the largest integrated shopping mall
company in Brazil, hereby announces the acquisition, through one of its
subsidiaries, of a 5.7% ownership interest in Shopping Piracicaba, increasing
its total interest to 19.0%.
Shopping Piracicaba is a mall located in the city of Piracicaba, state of
Sao Paulo with 27,806 m2 in Total GLA, 152 stores and 2,000 parking spaces.
After the above mentioned acquisition, BRMALLS increased its owned GLA
from 427.5 thousand m2 to 429.1 thousand m2, holding ownership interest in 34
Shopping Malls, and maintaining a total GLA of 985.2 thousand m2.
Should you have further questions, please contact the IR Department:

Leandro Bousquet Viana
CFO and IRO

Renata Motta
IR Manager

Antonio Quirino
IR Analyst
Tel.: (55 21) 3138-9900
Fax: (55 21) 3138-9901
E-mail: ri@brmalls.com.br

About BRMALLS
BRMALLS Participacoes S.A is the largest integrated shopping mall company
in Brazil, with a portfolio of 34 malls, comprising 985.2 thousand m2 of gross
leasable area (GLA) and 429.1 thousand m2 of owned GLA. BRMALLS is the only
shopping mall company in Brazil with a nationwide presence and caters to all
income segments.
SOURCE BRMALLS Participacoes S.A

Leandro Bousquet Viana, CFO and IRO, Renata Motta, IR Manager, Antonio
Quirino, IR Analyst, +011-55-21-3138-9900, fax, +011-55-21-3138-9901, E-mail:
ri@brmalls.com.br, all of BRMALLS